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Freddie Mac Bailout Not Expected to Effect Hurricane Relief

September 8, 2008
By MoneyRates team | Money-Rates Columnist

This weekend it was announced that the Treasury Department will take over the operations of mortgage companies Freddie Mac and Fannie Mae to prevent mortgage-backed securities from defaulting and provide more stability to the nation’s real estate market. This news followed by less than one week the hurricane assistance initiative aimed at homeowners in the [...]

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About Richard Barrington

Richard Barrington, CFA, is the primary spokesperson and personal finance expert for MoneyRates. He is a 20-year veteran of the financial industry, including having served for over a dozen years as a member of the Executive Committee of Manning & Napier Advisors, Inc. Richard has written extensively on investment topics, including investments, money market accounts, Certificates of Deposit's and personal finance as it relates to retirement. Richard has been quoted by numerous media publications such as the New York Times, the Wall Street Journal, and Pensions & Investments magazine.

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